JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JP MORGAN CHASE(JPM) MarketBeat·2024-04-12 21:01
Key PointsJPMorgan Chase had a solid quarter, but cracks are showing in the consumer, and NII is expected to be weak this year compared to forecasts.Consumer card charge-offs nearly doubled, causing a net build in consumer credit loss reserves.The Tier-1 capital ratio is industry-leading and above requirement, leaving JPM in solid shape to weather the storm. 5 stocks we like better than JPMorgan Chase & Co.JPMorgan Chase & Company’s NYSE: JPM firmwide metrics are good, but details within the consumer busine ...